Chainlink tops the list of the top 20 best-performing companies, and 3 reasons behind this achievement:

LINK stock leads the top 20 this week, up 10.18% as supply drains from exchanges.
In one month, 15.7 million LINK tokens left trading platforms, a 12% drop in circulating supply.
DTCC carried out its first security token trades on July 15, with Chainlink among the participants.

Chainlink (LINK) became the best-performing native coin on the top 20 coin list this week, outperforming all other major cryptocurrencies.

The digital asset rose by 10.18% to reach $8.71, its highest level since early June. This big weekly jump is attributed to three main factors.

A broad uptrend wave in the crypto market paved the way
The first factor is the broader market. A drop in the U.S. inflation rate pushed risky assets higher across the board this week.

Bitcoin (BTC) again climbed above $65,000, and the total market value of digital assets surpassed $2.2 trillion. This rally helped support all major assets.

Notably, LINK outperformed all other coins. Its weekly gains of 10.18% beat Zcash (ZEC) gains of 8.25% and Ethereum (ETH) gains of 7.83%, the second- and third-best weekly gainers among the top 20 coins.

Chainlink (LINK) stock price performance. Source: BeInCrypto Markets

Continued depletion of liquidity
The second factor is the decline in LINK’s presence on trading platforms. Santiment data shows that more than 15.7 million LINK tokens left known trading platforms within one month, a 12% drop in supply.

On Sunday alone, net outflows totaled 1.04 million LINK, one of the biggest daily moves during that period.

The company said: “The lower number of tokens available on exchanges reduces sell-side pressure that can be easily activated and makes accumulation look more convincing.”

Chainlink exchange listings. Source: X/Santiment

Traders typically deposit tokens to sell them. When supply falls instead, it often indicates that token holders are storing them rather than selling. However, this signal is not guaranteed to produce results.

In late April, Santiment recorded LINK’s largest single-day outflow since December 2025. The price then declined.

BeInCrypto also reported that network activity remains strong. The number of non-empty LINK wallets on the Ethereum network hit a record 900,000 wallets last week.

Institutional adoption adds a reason.
Finally, on July 15, DTCC (Depository Trust & Clearing Corporation) conducted its first live trading operations for tokenized U.S. assets. Chainlink was among the firms involved in the market.

More than 30 companies participated, including BlackRock, Vanguard, Goldman Sachs, J.P. Morgan, and Microsoft. Crypto-focused firms also included Circle, Ondo Finance, and Fireblocks.

The full DTCC tokenization service will be launched in October 2026, which could drive more interest. Meanwhile, the Federal Reserve will hold a comprehensive economic test on July 28. It will be determined whether LINK can maintain its lead based on the continuation of outflows and demand.
$LINK ‌